Geode Capital Management LLC Makes New $115.32 Million Investment in CSW Industrials, Inc. $CSW

Geode Capital Management LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 392,802 shares of the basic materials company’s stock, valued at approximately $115,318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSW. King Luther Capital Management Corp acquired a new position in shares of CSW Industrials in the 4th quarter valued at $8,701,000. Legal & General Group Plc acquired a new position in shares of CSW Industrials in the 4th quarter valued at $12,471,000. Hantz Financial Services Inc. acquired a new position in shares of CSW Industrials in the 4th quarter valued at $44,000. Orange Investment Advisors Inc. acquired a new position in shares of CSW Industrials in the 4th quarter valued at $943,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in shares of CSW Industrials in the 4th quarter valued at $302,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Down 1.3%

Shares of CSW Industrials stock opened at $266.13 on Friday. The company has a market cap of $4.34 billion, a P/E ratio of 39.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02. The firm has a fifty day moving average of $276.41 and a two-hundred day moving average of $286.83.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The company had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. On average, analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a $0.30 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is 17.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSW. Citigroup lowered their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Wells Fargo & Company upped their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Zacks Research upgraded shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Truist Financial reduced their price target on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $328.57.

Insider Activity at CSW Industrials

In related news, Director Darron K. Ash purchased 300 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the acquisition, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Alverson sold 1,007 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the transaction, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This represents a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,180 shares of company stock worth $1,465,478. 1.30% of the stock is owned by company insiders.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.